New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-15
A. H. WRIGHT BURNED IN EFFIGH
DESTROYED IN THE PRODUCE EXCHANGE
BROKERS ENRAGED AT HIS REFLECTIONS ON TIE
NFw-YOEK EXCHANGE

BROKERS ENRAGED AT HIS REFLECTIONS ON TIE
NEw-YoEK EXCHANGE.
II A. NJ. Wright, president Of tho Chicago Boaru
81 Trade, had looked In at the Produce Exchange yes
berday afternoon he would have witnessed an epsouo
not particularly pleasing to his self prido Inc "c
bers of the Exchange were In state OF suppress"
excitement and Indignation all day over the pubca-
tion of n dispatcb from Chicago I'm which Mr. Wright
WA ouoted "a making severe attack on the New
York Produce Exchange. He Is alleged to have re-
scented the request Of the NewYork organization that
the Chicago Board cooperate with 1t In establishing
uniform hours trading But the cruelest dart from
Mr. Wright is this "The speculative trade Of the
New-York Produce Exchange, like that of every
bucketshop in the country Is based on the Chicago
Board of Trades quotations" And Mr.. Wright elab-
crates this comparison with bucket-shop at some
length and reflects severely the gamblers In the
grsin-pt.
The boys who deal In grain didn't take at all kind
ly 10 ths reported criticism. They looked ON the
first impulse to President A. Il. Orr to take some
cognIzance Of the insult but Mr. Orr was out of town
Then 1t was agreed that Mr. Wnghts utterancos were
not worthy to be dlgnihed with u notice. Some bro
kers regretted that the Chicago Board should possess
such indiscreet president and blind to the
Importance Of the big downtown Institution here.
Others thought that the utterances were cranky"
and said that they would receive no attention except
that the speaker accidentally held high official POSI-
ton. On all sides Mr. Wright was crlticised severely
for his reported remarks. A prominent Wall Street
house that deals In grain telcgraphed to Mr.. Wright
asking II the published interview was authento: Bach
came the reply al don't know what the paper said
I said, but whatever did say did not misrepresent
the New. York Produce Exchange" This response
looked as II sQuintcd and the full report
was tecgraphed to MIR. Wright asking IL IL was cor
rect No reply had boon received by the close ot
business hours. With regard to Mr.. Wrghts charges
that the Produce Exchange had done nothing TO help
suppress the bucketshop that the Board Of Trade Is
fighting, the reply Is made that as tho bucket shops
trade entirely on Chicago figures the Produce Eek
change had nothing to do with the matter Several
Chicago houses when Informed by their New-York
correspondents of the hcrcsy credited to Mr. wright
promptly photographed back their reputation OF his
sentiments.
But tho indignation Of the younger boys who howl
In the wheat pit cOIldn't be appeased until 1t had
been put into some visible FORM So, shortly ater
the afternoon call paper figure made up to resemble
moro or less distantly human form myseciOusy came
TO Wow. 1t was recognized by the IaDel,
IA. NJ. Wright, president of the Chicago Board OF
TradeU 1t was Instantly surrounded by howiing
crowd while the sedato members OF tho Exchange
d screety looked elsewhere. stout pioce OF tWlhe
was tied around the neck Of the efigy which was
then hauled up over q stalwart brokers' shoulders
with fork which nearly took Its head OIL Then ~
was laid blask In the face In the centre OF tho pr
and a lighted match attached to one or the paper
coat tails with bowls OF delight, the boys saw the
doIl CONSUME and then with vicious kicks the ashes
were scattered about and trading was resumed WIN
n feeling of consciousness that the emoton OF the
trade had found satisfactory relief